Thales, a heavyweight of the global aerospace industry, has joined forces with Eve to help it develop electric vertical take-off and landing vehicles (eVTOLs). Initially, the French multinational and Embraer-controlled company will conduct joint studies for 12 months starting in January, focusing on the aircraft’s systems. But the partnership can be extended to the other […]
Electricity bills will come without any extra charge this year after the improvement in rainfall in the last wet season in Brazil, said Luiz Carlos Ciocchi, the director-general of national grid operator ONS. This is possible because the reservoirs of the National Interconnected System (SIN) reached a water storage volume of 63.1% at the beginning […]
Ambev, the owner of beer brands Brahma, Skol and Antarctica, is presenting a “new chapter” of its history to investors this Tuesday. “To say we are a beverage company no longer represents us entirely,” CEO Jean Jereissati told Valor. The group wants to be, more and more, a platform, which goes beyond selling beer or […]
Central Bank President Roberto Campos Neto downplayed concerns about the sharp acceleration in March inflation, seeking to contain the market’s reaction to the latest reading of the IPCA, Brazil’s official inflation index, unveiled Friday. Inflation was up 1.62% in the month, above the median of 41 projections compiled by Valor Data, of 1.32%. The financial […]
The states started this election with accelerated investments, even with more restrained revenue growth. The combined investments of 26 states and the Federal District totaled R$4.24 billion in the first two months of the year, up 115% year over year. The data shows, according to experts in public accounts, that these expenditures by states are […]
The March inflation numbers, which came in well above consensus expectations, once again increased the market’s distrust that the Central Bank will be able to meet its goal of ending the cycle of interest rate hikes at the next Monetary Policy Committee (Copom) meeting in May. The skepticism of financial agents was reflected in the […]
After investors migrated en masse from riskier strategies to fixed income as interest rates rose, they may now feel they have left money on the table. Those who left the macro hedge funds, funds in which managers base their positions according to the several economic scenarios, will look in the rearview mirror and see average […]
Belgian multinational Solvay is expected to receive bids for Coatis in the coming weeks, sources say. The solvents division, which has headquarters and manufacturing activities in Brazil, has drawn interest from investment funds operating in the country, in addition to foreign competitors. The business is valued at about R$2 billion and is the target of […]
Friday’s disclosure of Brazil’s benchmark inflation index IPCA for March exceeding the ceiling of the projections enhances the signs of a persistent rise in prices, which should require higher levels of interest rates, with a direct effect on the population’s purchasing power. This environment brings more uncertainties to a consumption scenario that is already more […]
The alignment of Brazil to the transfer pricing standard of the Organization for Economic Cooperation and Development (OECD) will prevent the country from facing revenue losses totaling billions of reais per year, Pascal Saint-Amans, director of the Center for Tax Policy and Administration at the OECD, told Valor. Brazilian authorities and Mr. Saint-Amans will detail […]